Siebel Professional Services Automation Guide > Project Management >

Assessing and Adding Risks to a Project

One of the biggest project management challenges end users face is identifying and managing risk items. End users can identify and quantify risk items early in the opportunity phase. This has several advantages, it allows for the calculation of the appropriate risk premium or discounts, and it gives all parties involved a clear understanding of the risks involved.

NOTE:  Each risk item can be tracked and reported in the status report.

To create a risk

  1. Navigate to the Projects screen.
  2. From the Show drop-down list, select the appropriate view.
  3. In the Projects list, select the project with which the risk will be associated.
  4. Click the Risks view tab.
  5. In the Risks list, add a new record.
  6. Complete the necessary fields. Some fields are described in the following table.

    7. Field
    Comments
    Line #
    Identifies the line number of the risk. The number can be modified.
    Type
    Identifies the kind of risk being described. Examples could include customer relationship, low quality, or high turnover.
    Name
    Name given to the risk. If no name is given you will be unable to drill down on the risk to add further details or add risk resolution activities.
    Reported
    Date the risk was added to the project.
    Priority
    Importance of the risk.
    Status
    Current status of the risk.
    Severity
    Seriousness of the risk on a scale of 1 to 5.
    Description
    Text of your own choosing explaining further details about the risk.


 Siebel Professional Services Automation Guide 
 Published: 18 April 2003